Insert Logo text
Trusted media brand of the Chartered Institute of Housing
Housing Today
Trusted media brand of the Chartered Institute of Housing
Housebuilding activity plummets to lowest level since pandemic
May’s PMI figures showed lowest residential reading in three years
Housebuilding output fell in May at the steepest rate for three years, the latest construction PMI numbers showed.
Work on residential building projects declined for the sixth month running to hit 42.7 on the index, published today by S&P Global/CIPS UK. Any score below 50 in the index indicates a decline in activity.
Login or Register for free to continue reading Housing Today
To continue enjoying housingtoday.co.uk, REGISTER FOR FREE
Already registered? Login here
Stay at the forefront of thought leadership with news and analysis from award-winning journalists. Sign up below to receive:
- Breaking industry news as it happens
- Gain access to Housing Today’s Specialist CPD modules
- Expert News and analysis
It takes less than one minute….
Join the Housing Today community - REGISTER TODAY
… or subscribe for full access - Subscribe now